Daily Report 18.08.2022
Objavljeno: 18. 08. 2022

The Dow fell Wednesday, as investors weighed up minutes from the Federal Reserve; European markets close lower as momentum fades 
During regular trading the Dow fell roughly 172 points, or 0.5%. The S&P 500 declined 0.7% for its first negative session in four. The Nasdaq Composite was the relative underperformer, dipping 1.25%. The tech-heavy index and S&P 500 are now both on track to snap a four-week winning streak. 
The minutes from the Federal Reserve’s latest meeting drove Wednesday’s market action. The central bank remains committed to fighting inflation, but indicated it could adjust its pace of tightening based on market conditions. 
Investors have been hoping that the Fed might slow the pace of its rate hikes after July’s consumer price index reading showed inflation cooling slightly. But not everyone is convinced. 
Shares of Dow component Cisco added more than 4% during extended trading Wednesday following the company’s fiscal fourth-quarter results. Cisco beat top- and bottom-line estimates, and gave better-than-expected forward guidance. 


The pan-European Stoxx 600 provisionally closed 1% lower, having given up earlier gains. Retail stocks led the losses, down over 2.6%, while food and beverages stocks bucked the trend to close up around 0.5%. 
Economic growth in the euro zone for the second quarter was revised down on Wednesday from 0.7% to 0.6% quarter-on-quarter, and from 4% to 3.9% annually. 
Eurostat also revealed that employment across the 19-member common currency bloc rose 0.3% quarterly, for a 2.4% year-on-year increase. 
Source: CNBC, Investing.com